Year 10 - Economics - 5-3-16

Thai Sikh International School

E-Learning Programme – Online Assignment –dd/mm/yyyy

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Year  :                                                                                                            ScheduleNo. :                        

Year-10-Eco-Assignment-3

1.In the 1990’s New Zealand had price stability but relatively low economic growth and high unemployment. In the period from 2000 to 2005 inflation rose above the government’s target from 1% to 3% and its trade position worsened but economic growth and employment improved.

a.According to New Zealand government what is price stability?

b.Why it might rise in employment be accompanied by a rise in inflation?

2.South Africa’s income is spead very unevenly. Whilst the country has a number of millionaires, 50% of the population is living below the poverty line.

To try and reduce inequality the government is trying to boost investment levels, improve infrastructure, cut business costs, expand public works and create more jobs. In 2006 the unemployment rate was officially recorded at 28%.

a.What is meant by an unemployment rate of 28%?

b.Explain how a government can boost investment levels?